German energy boss warns: Don’t let guard down on gas supply
1 year, 10 months ago

German energy boss warns: Don’t let guard down on gas supply

Associated Press  

BONN, Germany — The temperature outside Klaus Mueller’s office almost resembles spring, exactly the kind of mild weather that helped Germany get through the winter without Russian natural gas. Mueller would only concede that he’s “optimistic” this winter will end without a further gas crunch, especially after Germany cut gas use by 14% in 2022 through lowering thermostats, switching to other fuels or halting energy-intensive industrial production. “But at the same time, we’re focused already on winter 2023-24, and we know that Germany, and large parts of Europe, will have to get through the next winter without Russian pipeline gas,” he said. And “the risks are in plain sight.” While he’s thankful for warmer-than-usual winter weather that cut gas use for heating, “will next winter be so mild?

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History of this topic

Is the world sleepwalking into another gas crisis?
3 weeks ago

Is the world sleepwalking into another gas crisis?

Live Mint  

Gastech, a recent gas-industry jamboree in Houston, was full of enthusiasm. Insiders also worry that the global lng market, which became vital to Europe and Asia after the war in Ukraine began, could soon face its first true test. Sindre Knutsson of Rystad Energy, a consultancy, reckons that a big chill in Europe and Asia would create extra demand for …

The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return
3 weeks, 3 days ago

The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return

Huff Post  

LOADING ERROR LOADING Europe is bracing for another energy crisis this winter, teeing up a high-stakes early test of how a newly inaugurated Trump administration will attempt to balance efforts to reset relations with Russia against the needs of U.S. allies seeking fuel to stay warm during what’s forecast to be an unusually cold season. Few places will feel the …

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
1 month ago

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

Associated Press  

WASHINGTON — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said the sanctions targeting Russia’s largest remaining …

EXPLAINER: Why is natural gas still flowing from Russia to Europe across Ukraine?
4 months, 1 week ago

EXPLAINER: Why is natural gas still flowing from Russia to Europe across Ukraine?

Associated Press  

FRANKFURT, Germany — It’s one of the more improbable aspects of Russia’s invasion of Ukraine: Even after 2 1/2 years of war and repeated rounds of sanctions, Russian natural gas keeps flowing through Ukraine’s pipeline network to customers in Europe. That hasn’t changed despite Ukraine apparently taking control of a gas measuring station near the Russian town of Sudzha as …

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop
4 months, 2 weeks ago

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

David Cameron calls on Europe to turn off Russian gas to save Ukraine
6 months, 1 week ago

David Cameron calls on Europe to turn off Russian gas to save Ukraine

The Telegraph  

The bloc was responsible for importing up to half of Moscow’s LNG with Spain and France being the second and third largest buyers behind China. Lord Cameron also confirmed that Britain would hand Ukraine at least £3 billion in military support “next year and every year in the future for as long as it takes until Putin is defeated”. Rebuild …

Serbia will increase supplies of Russian natural gas to Hungary if Ukraine pulls out of transit deal
1 year, 4 months ago

Serbia will increase supplies of Russian natural gas to Hungary if Ukraine pulls out of transit deal

Associated Press  

BUDAPEST, Hungary — Serbia will provide Hungary with increased shipments of Russian natural gas if Ukraine follows through on ending a gas transit agreement with Russia, Hungary’s foreign minister said Sunday. Speaking in a taped message, Peter Szijjarto said Serbia’s president, Aleksandar Vučić, had met with Hungarian Prime Minister Viktor Orbán in Budapest, and assured him that Serbia would be …

Europe has shaken off Putin’s gas embargo
1 year, 6 months ago

Europe has shaken off Putin’s gas embargo

Hindustan Times  

Weapons come in all shapes and sizes, from the Javelins that blow up Russian tanks to the F-16s Ukrainian aces may soon be flying. As his invasion of Ukraine got bogged down last year, Vladimir Putin, Russia’s president, reached for a weapon few imagined he would dare to wield: the throttling of deliveries from Russia’s vast gas fields to its …

Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes
1 year, 7 months ago

Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes

Associated Press  

FRANKFURT, Germany — The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis but warning that stubbornly high inflation is likely to keep hurting the economy by sapping people’s ability to spend. The outlook for the 20 countries using the euro currency improved to growth of …

Moscow’s decades-old gas ties with Europe lie in ruins
1 year, 10 months ago

Moscow’s decades-old gas ties with Europe lie in ruins

Live Mint  

Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow's gas trade with Europe is unlikely to recover from the ravages of military conflict. After President Vladimir Putin's "special military operation" in Ukraine began almost a year ago, a combination of Western sanctions and Russia's decision to cut supplies to Europe drastically reduced the country's energy exports. …

Germany sees brighter outlook for Europe’s largest economy
1 year, 10 months ago

Germany sees brighter outlook for Europe’s largest economy

Associated Press  

FRANKFURT, Germany — The German government on Wednesday said it expects to eke out economic growth this year instead of a decline as Europe’s largest economy manages its energy divorce from Russia and shells out support for consumers and businesses hit by higher energy costs. The improved outlook “didn’t fall from heaven — we accomplished it, this country accomplished it.” …

Germany opens its 2nd liquefied natural gas terminal
1 year, 11 months ago

Germany opens its 2nd liquefied natural gas terminal

Associated Press  

BERLIN — Germany on Saturday inaugurated its second liquefied natural gas terminal, part of a drive by Europe’s biggest economy to put reliance on Russian energy sources firmly behind it. Chancellor Olaf Scholz took part in the ceremony in Lubmin on the Baltic Sea coast, which came less than a month after he inaugurated Germany’s first LNG terminal at Wilhelmshaven …

Europe has staved off energy collapse despite Russia’s gas cutoff. But is the crisis over?
1 year, 11 months ago

Europe has staved off energy collapse despite Russia’s gas cutoff. But is the crisis over?

LA Times  

Europe has dodged an energy apocalypse this winter, economists and officials say, thanks to unusually warm weather and efforts to find other sources of natural gas after Russia cut off most of its supply to the continent. In Germany, Europe’s largest economy, the government passed gas and electricity price caps allowing small businesses and consumers to buy 80% of their …

Europe has avoided energy collapse. But is the crisis over?
1 year, 11 months ago

Europe has avoided energy collapse. But is the crisis over?

Associated Press  

FRANKFURT, Germany — Europe has dodged an energy apocalypse this winter, economists and officials say, thanks to unusually warm weather and efforts to find other sources of natural gas after Russia cut off most of its supply to the continent. In Germany, Europe’s largest economy, the government passed gas and electric price caps allowing small businesses and consumers to buy …

Europe has avoided energy collapse. But is the crisis over?
1 year, 11 months ago

Europe has avoided energy collapse. But is the crisis over?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In Germany, Europe's largest economy, the government passed gas …

German regulator: winter gas shortage increasingly unlikely
1 year, 11 months ago

German regulator: winter gas shortage increasingly unlikely

Associated Press  

BERLIN — Germany’s network regulator said Thursday that a gas shortage is “increasingly unlikely” this winter, but cautioned that it remains important to use the fuel sparingly. The Federal Network Agency said in its daily report that it views the situation as “less tight than at the beginning of the winter.” It had described the situation as “tight” since Russia …

EU hails high gas storage levels despite Russian cuts
1 year, 11 months ago

EU hails high gas storage levels despite Russian cuts

Associated Press  

BRUSSELS — Natural gas storage levels in the European Union stand at nearly 84% and were higher in December than the average amount in reserve 4-6 years ago, the EU’s executive branch said Wednesday, despite Russian attempts to choke off supplies amid its war on Ukraine. Fearing winter shortages, the 27 EU countries began stocking up on gas last year. …

German leader focuses on energy, Ukraine in new year message
1 year, 11 months ago

German leader focuses on energy, Ukraine in new year message

Associated Press  

BERLIN — Chancellor Olaf Scholz is celebrating Germany’s progress in freeing itself from reliance on Russian gas, urging people to keep saving energy in the new year and vowing to keep up help for Ukraine. Scholz’s televised new year message, the text of which was released by his office before its broadcast Saturday, focused squarely on the effects of Russia’s …

Europe needs clear-eyed view of US moves
1 year, 11 months ago

Europe needs clear-eyed view of US moves

China Daily  

A vehicle passes the building of the European Commission in Brussels, Belgium, Oct 18, 2022. The natural gas price in Europe once hit nearly €350 per megawatt-hour since the Russia-Ukraine conflict broke out. European energy ministers agreed on Dec 19 to impose a price cap if prices in the European Union's main trading centers remained above €180 per megawatt-hour for …

Ukraine war: Vladimir Putin has been weaponising energy for years. Here’s what to look for next
2 years ago

Ukraine war: Vladimir Putin has been weaponising energy for years. Here’s what to look for next

Firstpost  

Russia shifted its strategy to attrition, specifically targeting energy infrastructure, after failing to force a quick, decisive victory against Ukraine Not since the 1970s oil crisis has the West seen such a focus on energy security. Vladimir Putin’s regime had been using selective gas supply cuts as a pressure tool against Ukraine since at least the winter of 2005-06, when …

Which European nations are handling the energy crisis best?
2 years ago

Which European nations are handling the energy crisis best?

Al Jazeera  

France, Spain, Germany, Italy and Greece are doing some things right, but face challenging times ahead, say experts. An uneven risk Russia accounted for nearly half of Europe’s total natural gas imports in 2021, but some countries were always going to be more vulnerable than others. Challenges ahead Germany recently announced a new 200 billion euro package to deal with …

EU ministers fail again on gas price cap to contain costs
2 years ago

EU ministers fail again on gas price cap to contain costs

Associated Press  

BRUSSELS — European Union energy ministers failed yet again to overcome their deep differences Tuesday on a natural gas price cap that many hope would make utility bills cheaper so people can stay a little warmer during harsh winter days — if not this year, then later. One side is demanding a cap to push down gas prices for households …

Investors see shift in Europe’s fortunes
2 years ago

Investors see shift in Europe’s fortunes

Live Mint  

Investors are turning somewhat more positive on Europe, spurring a recovery in the region’s beaten-down stocks. Meanwhile, benchmark U.S. yields and the dollar have declined in recent weeks, helping lift riskier assets worldwide, as investors anticipate a slowdown in the Federal Reserve’s campaign to raise interest rates. Natural-gas prices have stabilized as Europe’s gas storage has risen above 95% due …

Europe's import of Russian gas jumps 42% amid Russia-Ukraine war: Report
2 years ago

Europe's import of Russian gas jumps 42% amid Russia-Ukraine war: Report

Hindustan Times  

The European Union witnessed a 42 percent increase in the imports of Russian Liquefied Natural Gas between January-October, compared to the same period last year, Financial Times reported. The report said that EU has imported 62.1 billion cubic meters of natural gas this year compared to 17.8 billion cubic meters last year. This comes as Lithuanian Foreign Minister Gabrielius Landsbergis …

EU nations fail to close rift on gas prices as cold sets in
2 years, 1 month ago

EU nations fail to close rift on gas prices as cold sets in

Associated Press  

BRUSSELS — On winter’s doorstep, European Union nations again failed to bridge bitter disagreements over a natural gas price cap Thursday as they struggle to effectively shield 450 million citizens from massive increases in their utility bills. “The discussion was quite heated, and you all know that there are very divergent views,” said Czech Industry Minister Jozef Síkela, who chaired …

Russia’s Gazprom threatens Europe gas cuts through Ukraine
2 years, 1 month ago

Russia’s Gazprom threatens Europe gas cuts through Ukraine

Associated Press  

Russian energy giant Gazprom has threatened to reduce natural gas supplies through the last pipeline heading to Europe via Ukraine, saying the amount it’s supplying for Moldova is not ending up in the former Soviet republic. The energy crisis has hit Moldova especially hard, with Russia halving its natural gas supply and Moscow’s attacks on Ukraine’s energy infrastructure triggering massive …

European Central Bank: Recession ‘has become more likely’
2 years, 1 month ago

European Central Bank: Recession ‘has become more likely’

Associated Press  

FRANKFURT, Germany — The European Central Bank sees an increased likelihood of a recession in the 19 countries that use the euro currency, warning that soaring energy prices and high inflation fed by Russia’s war in Ukraine have raised risks for bank losses and turmoil on financial markets. As the bank released its twice-yearly assessment of eurozone financial stability on …

Europe urged to save natural gas to avoid shortage next year
2 years, 1 month ago

Europe urged to save natural gas to avoid shortage next year

Associated Press  

FRANKFURT, Germany — Europe could face a severe natural gas shortage next year and needs to act now to reduce use, the International Energy Agency said in a report Thursday, warning against complacency in an energy crisis triggered by Russia’s war in Ukraine after countries were able to build up storage of the fuel to heat homes and generate electricity …

Putin’s gas strategy is doomed to fail
2 years, 1 month ago

Putin’s gas strategy is doomed to fail

Al Jazeera  

As Russia continues to unleash devastating attacks on Ukrainian civilian infrastructure, Europe is weighing up a future without Russian gas. The other route is via Turkey’s TurkStream pipeline and its Bulgarian extension, Balkan Stream, through which Russian gas is delivered to Serbia and Hungary. Russia’s atrocities will continue to incentivise moves towards the measure and while the EU has never …

Gas crunch eases in Europe — but the respite might not last
2 years, 1 month ago

Gas crunch eases in Europe — but the respite might not last

Associated Press  

FRANKFURT, Germany — Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. The good news is natural gas prices on Europe’s TTF benchmark fell on Monday below 100 euros per megawatt-hour for the …

EU ministers delay for a month decision on more energy unity
2 years, 1 month ago

EU ministers delay for a month decision on more energy unity

Associated Press  

BRUSSELS — European Union nations on Tuesday gave themselves yet another month to overcome deep differences on groundbreaking measures to shield their citizens from the energy crisis. But because fluctuating global energy markets and different energy mixes among member states — ranging from nuclear to natural gas and other fossil fuels — make smart, lightning-quick decisions wickedly difficult, “many countries, …

Ukraine War Fallout: Is Energy Crisis Imminent in Europe? - News18
2 years, 2 months ago

Ukraine War Fallout: Is Energy Crisis Imminent in Europe? - News18

News 18  

The Russia-Ukraine conflict, euphemistically called a “special military operation” by Russia when it launched the offensive, more than seven months ago was not expected to last more than a few days or weeks. Despite alarm bells from a January 2009 crisis that led to the disruption of Russian gas transiting through Ukraine for two weeks, and Russia’s annexation of Crimea …

Germany overrides allies, keeps 3 nuclear power plants running
2 years, 2 months ago

Germany overrides allies, keeps 3 nuclear power plants running

LA Times  

German Chancellor Olaf Scholz ordered ministers Monday to prepare to keep all of the country’s three remaining nuclear plants running until mid-April, putting his foot down on an issue that had threatened to split his three-party government. The environmentalist Greens, led by Economy and Energy Minister Robert Habeck, had argued that only two nuclear plants in southern Germany — Isar …

Germany’s Merkel defends decision to get Russian natural gas
2 years, 2 months ago

Germany’s Merkel defends decision to get Russian natural gas

Associated Press  

BERLIN — Former German Chancellor Angela Merkel on Thursday defended her government’s decisions to buy large quantities of natural gas from Russia, which was her country’s primary gas supplier when she left office. Merkel said that “from the perspective of that time, it was very rational and understandable to get pipeline gas, including from Russia, that was cheaper than LNG …

Putin says Russia could increase gas supplies to Europe
2 years, 2 months ago

Putin says Russia could increase gas supplies to Europe

Associated Press  

MOSCOW — Russian President Vladimir Putin said Wednesday that Moscow is ready to resume gas supplies to Europe via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea — an offer quickly rejected by Berlin. As for Putin’s comments, she said: “Nice try.” Asked if she would rule out the use of Nord Stream 2, Hoffmann …

Russia's threat to cut off the EU's energy supplies sees Europe scrambling for Africa's gas
2 years, 2 months ago

Russia's threat to cut off the EU's energy supplies sees Europe scrambling for Africa's gas

ABC  

A new liquefied natural gas project off Africa's west coast may only be 80 per cent complete, but already the prospect of a new energy supplier has drawn visits from the leaders of Poland and Germany. Key points: Europe is turning to resource-rich African countries as it looks to lessen its dependence on Russian gas African leaders across the continent …

Putin offers to boost gas supplies to Europe via Nord Stream 2
2 years, 2 months ago

Putin offers to boost gas supplies to Europe via Nord Stream 2

Al Jazeera  

Russian leader says mothballed pipeline can ferry energy exports west if it is proven safe following a spate of recent explosions. Russian President Vladimir Putin has said Moscow is ready to resume gas supplies to the European Union via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea – an offer quickly rejected by Berlin. The …

Russia ready to resume gas supplies to Europe: Vladimir Putin
2 years, 2 months ago

Russia ready to resume gas supplies to Europe: Vladimir Putin

India TV News  

Russia on Wednesday said it is ready to supply gas to the European nations via a link of The Nord Stream 2 pipeline. Russian President Vladimir Putin, who was present at an energy forum in Moscow, accused the U.S. of being the one behind the tampering with the Nord Stream pipeline. “The act of sabotage of the Nord Stream 1 …

European Union leaders struggle to bridge gas price cap divide
2 years, 2 months ago

European Union leaders struggle to bridge gas price cap divide

The Hindu  

European Union leaders converged on Prague Castle, on October 7, to try to bridge significant differences over a natural gas price cap as winter approaches and Russia's war on Ukraine fuels a major energy crisis. A group of 15 member countries has urged the EU's executive branch, the European Commission, to propose a cap on gas prices as soon as …

Europe scrambling to cope with energy crisis as winter approaches
2 years, 2 months ago

Europe scrambling to cope with energy crisis as winter approaches

The Hindu  

Published : Oct 06, 2022 09:55 IST Travelling through Germany and Slovenia at the end of August, I found it hard to see the effects of the worst energy crisis that Europe has been undergoing in recent years—a combination of the effect of Russia ceasing gas supplies and the worst drought the continent has faced in 500 years. As one …

Infographic: Does Europe have enough gas for winter?
2 years, 2 months ago

Infographic: Does Europe have enough gas for winter?

Al Jazeera  

With weeks until temperatures drop, European Union gas storage is almost 90 percent full, a level 15 percent higher than last year. Gas storage in Europe The EU is storing 15 percent more gas now than at the same time last year. Countries that do not have storage facilities will need to store 15 percent of their annual domestic gas …

How bad could Europe’s energy crisis get this winter?
2 years, 2 months ago

How bad could Europe’s energy crisis get this winter?

Al Jazeera  

Gas prices have reached record highs in Europe, and supplies are running low, stoking fears for the coming winter. “Europe doesn’t have any supply of natural resources,” Adam Pankratz, a professor at the University of British Columbia’s Sauder School of Business, told Al Jazeera. However, the stability of the continent depends on having a relatively “normal” winter because if temperatures …

Experts: Europe faces ‘unprecedented risk’ of a gas shortage
2 years, 2 months ago

Experts: Europe faces ‘unprecedented risk’ of a gas shortage

Associated Press  

Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments, the International Energy Agency said Monday, warning that European nations could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship. The Paris-based IEA said in its quarterly gas report that the European Union’s 27 countries …

Inflation hits record 10% in 19 European Union countries
2 years, 2 months ago

Inflation hits record 10% in 19 European Union countries

The Hindu  

Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe's major economies as higher prices undermine consumers' spending power. The European Central Bank is raising interest rates to combat inflation by keeping higher prices from being baked into …

Inflation hits record 10% in 19 EU countries using euro
2 years, 2 months ago

Inflation hits record 10% in 19 EU countries using euro

Associated Press  

FRANKFURT, Germany — Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe’s major economies as higher prices undermine consumers’ spending power. The European Central Bank is raising interest rates to combat inflation by keeping higher prices from …

Europe ramps up energy security after suspected sabotage
2 years, 2 months ago

Europe ramps up energy security after suspected sabotage

Associated Press  

BRUSSELS — European companies are ramping up security around pipelines and energy prices are climbing again as the suspected sabotage of two pipelines that deliver natural gas from Russia underscored the vulnerability of Europe’s energy infrastructure and prompted the EU to warn of possible retaliation. “Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with …

Lights out, ovens off: Europe preps for winter energy crisis
2 years, 2 months ago

Lights out, ovens off: Europe preps for winter energy crisis

LA Times  

An employee pushes bread rolls into one of the gas-heated ovens in the producing facility in Cafe Ernst in Neu Isenburg, Germany, on Sept. 19. With costs high and energy supplies tight, Europe is rolling out relief programs and plans to shake up electricity and natural gas markets as it prepares for rising energy use this winter. German Chancellor Olaf …

The war in Ukraine has reshaped the world’s fuel markets
2 years, 3 months ago

The war in Ukraine has reshaped the world’s fuel markets

The Economist  

Briefing | Docks, stocks and many floating barrels The war in Ukraine has reshaped the world’s fuel markets The Gulf will be a big winner I n 2017 Qatar lifted a 12-year ban on developing the world’s biggest natural-gas field, most of which lies under the waters of the Persian Gulf. The pivot to Asia Russia, seaborne crude-oil exports, barrels …

Germany takes control of Russian firm Rosneft’s operations in the country
2 years, 3 months ago

Germany takes control of Russian firm Rosneft’s operations in the country

Live Mint  

Berlin said Friday it had taken control of the German operations of Russia firm Rosneft, which runs several refineries, to secure energy supplies which have been disrupted after Moscow invaded Ukraine. Rosneft's German subsidiaries, which account for about 12 percent of oil refining capacity in the country, were placed under trusteeship of the Federal Network Agency, the economy ministry said …

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